Answer to Question #54589 in Accounting for nit jen

Question

An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged. The individual is aware that tax agents can lodge later than the October 31 deadline so requests that you prepare and lodge the tax return to avoid penalties.

What advice do you give this individual?

Answer 1

If an individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged, and if he is aware that tax agents can lodge later than the October 31 deadline so requests that you prepare and lodge the tax return to avoid penalties, then we can advice him to lodge the tax return next year, because the deadline has already past.